North America Crude Oil Marketing - November 2008 Summary California Bulletins 08-CA212 to 08-CA229, with Monthly Averages

Chevron has changed its posted prices as shown below: Effective 7:00 AM on the above listed effective date, subject to change without notice, Chevron will pay the following prices per barrel for crude oil and condensate delivered for its account into the custody of its authorized carrier or receiving agent. Prices are subject to deduction for transportation and other charges where applicable. Prices for oil apply to quantities measured by approved automatic custody transfer facilities or 100% tank table with customary adjustment of volume and gravity for temperature and full deduction for sediment and water.

* Prices are subject to a Gravity Adjustment Scale

California	API	CA212 11/03	CA213 11/04	CA214 11/05	CA215 11/06	CA216 11/07	CA217 11/10	CA218 11/11	CA219 11/12	CA220 11/13	CA221 11/14
Buena Vista Hills		57.10	63.70	58.40	53.80	54.00	55.25	52.15	48.90	50.85	49.55
Coalinga		51.65	58.25	52.95	48.35	48.55	49.80	46.70	43.45	45.40	44.10
Huntington Beach		52.00	58.60	53.30	48.70	48.90	50.15	47.05	43.80	45.75	44.45
Kettleman Hills		60.65	67.25	61.95	57.35	57.55	58.80	55.70	52.45	54.40	53.10
Lost Hills		58.85	65.45	60.15	55.55	55.75	57.00	53.90	50.65	52.60	51.30
McKittrick		50.90	57.50	52.20	47.60	47.80	49.05	45.95	42.70	44.65	43.35
Midway Sunset		50.90	57.50	52.20	47.60	47.80	49.05	45.95	42.70	44.65	43.35
Seal Beach		56.65	63.25	57.95	53.35	53.55	54.80	51.70	48.45	50.40	49.10

California	API	CA222 11/17	CA223 11/18	CA224 11/19	CA225 11/20	CA226 11/21	CA227 11/24	CA228 11/25	CA229 11/26		Mthly Avg
Buena Vista Hills		47.35	46.70	45.85	41.85	42.15	46.55	42.70	46.40		50.0750
Coalinga		41.90	41.25	40.40	36.40	36.70	41.10	37.25	40.95		44.6250
Huntington Beach		42.25	41.60	40.75	36.75	37.05	41.45	37.60	41.30		44.9750
Kettleman Hills		50.90	50.25	49.40	45.40	45.70	50.10	46.25	49.95		53.6250
Lost Hills		49.10	48.45	47.60	43.60	43.90	48.30	44.45	48.15		51.8250
McKittrick		41.15	40.50	39.65	35.65	35.95	40.35	36.50	40.20		43.8750
Midway Sunset		41.15	40.50	39.65	35.65	35.95	40.35	36.50	40.20		43.8750
Seal Beach		46.90	46.25	45.40	41.40	41.70	46.10	42.25	45.95		49.6250

Note: Prices in $/bbl

Measurement The prices are based upon computation of quantities by mutually acceptable automatic measuring equipment in accordance with the latest ASTM Standards and API Manual of Petroleum Measurement Standards (MPMS) generally accepted in the petroleum industry with deductions for full sediment, water and other impurities.